United Way of Abilene

Analysis

United Way of Abilene is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in November 1956, 70 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Way of Abilene reported income of $3.5m and spending of $2.0m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.5m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Way of Abilene sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Franciscan Tertiary Province of the Sacred Heart Inc ($3.5m), Holyoke Young Mens Christian Association Inc ($3.5m) and Ellington Fund ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $190k (9.4% of expenses). Other salaries and wages came to $508k. At year end it held assets of $4.6m against liabilities of $786k, net assets of $3.8m. It reported 17 employees.